SECURE Act 2.0 - RMD & Roth Changes (Part 1)

Описание: Another round of retirement changes are on the way after President Biden signed a spending bill in December 2022 that included the SECURE Act 2.0. Retirees and pre-retirees need to understand what this legislation means, how it might impact you, and what planning opportunities this could open up.

With a significant number of changes beginning this year and next, we’re going to break the discussion up into two parts. In this first episode, Phil will lay out the details for RMDs and the new age requirements. Plus, he’ll tell you about five changes coming to Roth accounts as well. Retirees and pre-retirees need to be aware of what’s happening so you can stay on top of the planning.

Here's some of what we'll discuss in this episode:
0:00 – Intro
1:05 – RMD age extended to age 73 for some and 75 for others.
3:35 – The RMD penalty has been reduced.
5:46 – Big Roth changes in the legislation.
11:22 – Catch-up Contributions
13:31 – Moving 529 plans to a Roth


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